take down:
... a draw against a capital fund for a specific purpose,
such as a drawing against a construction
loan in increments; therefore, a take down from the
total amount of a loan.
target area:
... a region targeted
at the outset of a site
location project by a member of
the target
audience of The
Network, for example,
when a business
decision maker in
the role
of enterprise developer points to an area on
a map to emphasize that it is where he plans to look for
a place to expand or relocate operations,
or to startup
a new venture. Site Location Assistance.com
has two resource directories for
targeting areas for site
selection.
1. The Regional
Site Selection Directory, a search resource.
Use it to find a place of interest that is either a region within
a county or other locale. You
can search for location
data suppliers and other resource
and service providers who have records in the Global
Registry of Contacts either by their
names or the names of the place where they are located.
2. The Site
Selection Directory, provided as a free service,
is a resource for use by enterprise
developers and site
selectors to announce projects
online. The
directory is a cost-effective tool for gathering information,
such as location
data needed during a site selection project. We
(who we are)
provide guidance and services for protecting
confidential plans and activities that make
using the directory as secure as a project may call
for.
target audience (1):
... the specific user
group The
Network is
designed to serve. Among its members are business
decision makers, especially those engaged as enterprise
developers and site
selectors. Enterprise developers
are entrepreneurs, small
business owners, and leaders of fast-growing
companies. Resource and service providers engaged
in the mission
of The
Network, or one that is similar, as contacts are
members. See comments
about resource and service providers on
page 2 of the series
that introduces The
Network. This
definition is used to answer questions about who participates
in enterprise and economic development.
target audience (2):
... a group
profiled for
marketing purposes see marketing
analysis. A business classification from which
enterprises are selected as potential prospects and
targeted to receive location data and see advertising
in, for example, site selection publicationssearch
for economic development marketing for more explanation
and links to useful resources.
target industry:
... an expression of economic
development marketing used to describe a
category of
business
enterprises selected for the creation of a list
of suspects; a
group selected from a segment of industry because it
matches criteria defined
by what a location is
position to accommodate in terms of enterprise
and economic development; a
list of prospects organized
around a target industry study in conjunction with a
strategy for promoting a locale. Reporting
after scrutinizing
what a location has to offer that encourages enterprise
developers to expand, or
relocate operations
there, or start up ventures, that
are within specific business or industrial
segment produces a target
industry study. The studies are typically the work
of economic
development marketing advisors, site
location consultants or community services
representatives of universities having regional outreach
programs. Also, data
brokers are available to provided
prospect lists.
tax base:
... all things and activities taxable within a location, including the value of real
estate and
other assets held by local enterprises, inhabitants,
and owners not residing in the community.
tax funds:
... money or other resources, such as
property provided through a taxing
authority as opposed to contributed
funds. For example, a local
development authority may operate entirely with tax funding
or with a mix of funding as a quasi-governmental
organization.
tax incentive ... an inducement offered as
a tax abatement.
taxes and incentives:
... an information category of economic
development data or location
data that one might see in
a community
profile; a link or heading for information
provided at a location
data supplier's website; information
about taxes and tax incentives in
a location.
taxing authority:
... that which has enforcement powers to extract an
involuntary contribution for supporting a government entity or program;
a government agency is position to levy a tax;
a government agency which places a financial charge on a property,
generally after an assessment,
and enforces its collection.
tax increment financing: (TIF)
... a means of incentive or community development financing whereby
property values in an area are maintained at a specified level until
property values begin to risesee Lessons from the Field provided
online by the Northeast-Midwest Institute (USA).
tax map:
... a graphic representation showing and defining real estate in
relationship to contiguous real property in order to determine or
state value for assessing and taxing purposes.
tax package:
... an accounting for all taxes and abatements
to be expected at a location; taxes and tax shelters, abatements
and incentives presented
all together in order to accommodate an analysis, such as a ten-year-cash-flow.
tax
shelter ... an allowance for a postponement or elimination of
a tax liability.
technical labor:
... workers experienced or trained in skills that allow
them to do analytical thinking on the job; technicians.
Additional technology
terminology resources are in the .network library.
technical school:
... a college or other place where technical skills
are taught ... for training technicians.
technology transfer:
... the movement of ideas and resources, generally
of a scientific nature, applicable to commercial or industrial
objectives from academia to the the outside world for nurturing,
testing or otherwise introducing them into the enterprise
development process; to convey a practical application,
method, procedures, technique, tool or idea from a laboratory
or
incubation to
a commercial or industrial environment; to pass technological information
and/or resources from one enterprise to
another in order for it to be put to use.
telecom ... abbreviation
for telecommunications,
for example, telecom
technology.
telecommuting ... virtually going to and from work online at
home; to telecommute.
telework center:
... a location where employees use telecommunications tools to perform
their jobs.
temp
... temporary;
someone working at a job temporarily.
ten-year-cash-flow:
... a sensitivity
analysis; a cost
analysis for an enterprise
development project based on the source and application of funds.
A skilled site
selector would include it as part of a comparative
analysis,
for example, considering the projecting the value of tax
incentives (the source) against the one-time cost of relocation
services. Certain
assumptions have to be made so experience
counts. Labor
turnover is very likely to increase after relocation;
therefore, knowing how to gather the information to project its
time and costs
before settling back to what it was before or improving is as much
part of an analysis as is capital.
tenant ... a lessee.
A tenant may occupy but not necessarily be a lessee.
thread ... to tediously follow a series
of clues or subject-related indicatorssee
threader.
tight money ... funds that are hard to
get as compared to money available earliermore.
time line:
... a line representing a span of time and having a series
of points of action; a line with tic marks representing significant or
noteworthy
dates or times; a plan for a sequence of work to be performed expressed
graphically in a linear fashion as events and their times.
time is money:
... emphasis on the value of a unit of time in terms
of a currency; a phrase associated with the principle of finance stating
that money is worth
more the sooner it's received because of potential earning capacity; time
value of money based on its availability in the present
and seen as worth more than the same amount in the future due to
its capacity to earn interest; an expression implied when making
a point such as don't waste time.
time is of the essence:
... an expression that emphasizes a time-value, such
the metaphor: time
is money; a boiler plate expression in contracts, such
as a real estate agreement, that requires performance with punctuality;
to hurry someone along by implying that there is a value on
time.
time-price differential:
... the difference between the purchase price
of real estate and its higher cost-total if it were to be purchased
on an installment basis, including finance charges.
time value of money:
... the maxim that makes it acceptable to charge interest;
a principle professing that money received now is worth more than
it will be
when received latersee
time-is-money.
title insurance:
... an indemnity
agreement under which an insurer warrants to make
good a loss arising through defects in title to real estate or any
liens or encumbrances thereon. A title insurance company actually
contracts to protect the holder-of-title by a recording
act against
something that may have already happened, but is not yet discovered
or revealed.
tool:
... anything used to perform a task or
to facilitate a process, for example, a search
tool. The Network is useful
tool for members of
a target
audience. It can also be described as
a vehicle as
well as a resource. Here
are examples of tools available within The Network: (1)
the Google/.network search
engine; (2) guides for developing site
selection criteria or PSF (forms
used to collect criteria from prospects);
(3) the Site
Selection Directory (a tool use by enterprise
developers and site
selectors to conveniently and securely publish project
specifications and profiles online,
for free, in order to gather economic
development data from places
of interest; and, (4) the Global
Registry of Contacts.
top decision maker:
... one among those having authority
to make up their minds about matters which trigger actions
or
bring
about
consequences for
which they are
fully responsible;
one in charge who makes the final decisions and is in the position
of which it can the said: the
buck stops here.
topography:
... definition of the nature of a surface as in
topography
map or topo.
Contours are
the best known elements of topo
maps, therefore they may also be referred to
a contour
maps.
tort:
... a negligent or intentional act of wrong-doing arising form breach
of duty as defined by law rather than contract; therefore it is a
violation of a legal right. It is also defined as a civil wrong such
as a negligence, liable nuisance, trespass, slander of title or false
incarceration.
Total Quality Management: (TQM)
... a strategic production method that allows workers to voluntarily
strive to meet or exceed the the expectations of customers as applied
to performance at every level and in all areas of responsibility;
following consideration for the voice of the customer, a
combination of management techniques and team efforts within a disciplined
structure focused on continuously improving all processes (continuous
improvement). The term quality circle is used to describe
a production team that is dedicated to qualitymore information
from Xavier University of Louisiana, New Orleans, LA.
tourism:
... the economic development effort aimed at attracting
visitors to a locationone
definition of economic development states that it is the increasing
... of
capital through the community and reducing its leakage. The
Network provides a resource paper: Tourism
as Economic DevelopmentA
Brief Guide for Communities and Entrepreneurs. Tourism or tourist
information or visitor information is a location
data element.
tourism promotion:
... as a specialized form of
marketing, the entire set of approaches to attracting potential
visitor attention to a location; the basic activity
of a person engaged in tourism development.
trade school
... an institution providing instruction that prepares
students with know-how for a specific work-discipline or craft;
an operation having a program or programs that readies people for
labor
force participation with credential for working at an acceptable
standard of proficiency in a craft; an
training program operated by a trade
union dedicated, in part, to the development
of specialized member skills through apprenticeships that are on-the-job
training or pre-employment
training; a category of location
data. Trade schools and technical
schools are not the same.
training facility:
... the learning environment in which
programs of practice and hands-on experiences
are provided with instruction to help trainees
reach a standard of
proficiency or qualify for a particular type
of work; a training environment in which one
or more programs are facilitated. A worker
training environment may be in the facility of
an employer with the program referred to as OJT. Also,
a workforce
training facility may be a school
environment where pre-employment
training is
provided through standardized or customized programs.
In the latter case, the training may
be offered as an incentive for economic
development prospects. Training facilities
may be show up as an item
of location data on a community
profile or at
the website of a place
seeking economic development.
transportation:
... that which moves people and things from
one place to another; a category of location
datamore
about this under the definition of transportation infrastructure below.
transportation center:
... an intersecting point for one or more modes of transportation;
a place where one
or more modes of transportation converge and there is relatively
significant activity in support of an economy or its
development; a location where
the transportation
infrastructure and
related activities are significant so as
to define a region.
Transportation centers that generate economic
activity in a region
tend to grow in population. Growth creates a need for places seeking
economic
development to have sources of reliable location
data available
for
enterprise
developers and
site
selectors.
transportation infrastructure:
... transport provisions in a location; the
services and facilities of conveyance other than those of utilities
and communication
as
they
support ongoing
economic activity in an area. Transportation may
be seen as a header for a category of location
data, for example,
on a community
profile. Transportation along with communications
infrastructure,
demographics, real
estate and taxes and incentives are
arguably the most sought after information by prospects. Transportation
as a item
of location data typically covers water, air,
and ground facilities, vehicles and services that
part of the infrastructure of
an area.
triple net lease:
... defined
by InvestorWords.com; the net-net-net lease
that exists when, in addition to the stipulated rent payment, the
lessee assumes responsibility for all expenses associated with the
operation of the property. This includes both fixed expenses such
as taxes and insurance, and
all operating expenses, including cost of maintenance and repair.
Triple net lease agreements may require a renter to pay interest
on a lessors' property mortgage.
turn-key:
... a construction package, from ground-breaking to ribbon-cutting,
handled completely so that all that is left to do, so to speak, is
to turn the keys over to the buyer. A turn-key lease is one in which
the lessor agrees to give the lessee ready-to-occupy-property.
turnover:
... labor
turnover; a rate or count of workers leaving their jobs during
a given period of time. A turnover rate may be established with
attrition being the only explanation (attrition, however, is
the gradual reduction
in the size of a workforce that comes about by not replacing workers
lost through retirement or resignation.) Analysis requires examination
of involuntary turnovers, such as retirements, layoffs, terminations)
as well as voluntarily turnovers, such as workers leaving for better
jobs. Analysis also requires consideration of why employees are leaving
and the concern of the employer for keeping good workers on the job.
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